Vontobel Holding Ltd. Sells 14,574 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Vontobel Holding Ltd. lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 14.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,775 shares of the restaurant operator's stock after selling 14,574 shares during the period. Vontobel Holding Ltd.'s holdings in Chipotle Mexican Grill were worth $5,293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Alpha DNA Investment Management LLC lifted its position in Chipotle Mexican Grill by 1.2% in the third quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator's stock worth $786,000 after purchasing an additional 168 shares during the period. Lecap Asset Management Ltd. lifted its position in Chipotle Mexican Grill by 1.2% in the third quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator's stock worth $843,000 after purchasing an additional 175 shares during the period. Connable Office Inc. lifted its position in Chipotle Mexican Grill by 0.6% in the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator's stock worth $1,840,000 after purchasing an additional 178 shares during the period. Traynor Capital Management Inc. lifted its position in Chipotle Mexican Grill by 2.5% in the fourth quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator's stock worth $454,000 after purchasing an additional 181 shares during the period. Finally, BTC Capital Management Inc. lifted its position in Chipotle Mexican Grill by 1.9% in the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock worth $601,000 after purchasing an additional 184 shares during the period. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Trading Down 1.3 %

Shares of NYSE:CMG traded down $0.70 during trading on Wednesday, hitting $53.80. 15,550,621 shares of the company were exchanged, compared to its average volume of 10,762,958. The stock has a market cap of $73.30 billion, a price-to-earnings ratio of 48.46, a P/E/G ratio of 2.20 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.98 and a fifty-two week high of $69.26. The firm has a fifty day moving average price of $59.14 and a two-hundred day moving average price of $58.18.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CMG shares. Stifel Nicolaus cut their price objective on Chipotle Mexican Grill from $70.00 to $68.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Barclays cut their price objective on Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Truist Financial lifted their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Raymond James lowered their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Ten equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.31.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.